WINTON GROUP Ltd trimmed its stake in shares of Camden Property Trust (NYSE:CPT) by 17.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,675 shares of the real estate investment trust’s stock after selling 1,824 shares during the quarter. WINTON GROUP Ltd’s holdings in Camden Property Trust were worth $793,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. YorkBridge Wealth Partners LLC boosted its stake in shares of Camden Property Trust by 6.1% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,171 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 67 shares during the last quarter. Penserra Capital Management LLC bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at $110,000. Perigon Wealth Management LLC boosted its stake in shares of Camden Property Trust by 59.3% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,150 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 800 shares during the last quarter. Sawtooth Solutions LLC boosted its stake in shares of Camden Property Trust by 2.7% in the 2nd quarter. Sawtooth Solutions LLC now owns 2,701 shares of the real estate investment trust’s stock valued at $231,000 after purchasing an additional 72 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. bought a new stake in shares of Camden Property Trust in the 3rd quarter valued at $234,000. Institutional investors and hedge funds own 97.19% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $96.00 price objective (up from $92.00) on shares of Camden Property Trust in a research note on Friday, September 22nd. UBS reaffirmed a “sell” rating and issued a $86.00 price objective (up from $80.00) on shares of Camden Property Trust in a research note on Thursday, September 14th. Sandler O’Neill raised shares of Camden Property Trust from a “hold” rating to a “buy” rating and upped their price objective for the company from $93.00 to $105.00 in a research note on Tuesday, September 5th. Stifel Nicolaus initiated coverage on shares of Camden Property Trust in a research note on Friday, September 1st. They issued a “buy” rating and a $99.00 price objective on the stock. Finally, BMO Capital Markets reissued a “buy” rating and set a $97.00 target price on shares of Camden Property Trust in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. Camden Property Trust has an average rating of “Hold” and an average price target of $92.53.
In other Camden Property Trust news, Chairman Richard J. Campo sold 379 shares of Camden Property Trust stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $94.44, for a total transaction of $35,792.76. Following the transaction, the chairman now directly owns 338,519 shares of the company’s stock, valued at $31,969,734.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.70% of the company’s stock.
Shares of Camden Property Trust (CPT) traded up $0.35 on Thursday, reaching $91.44. 350,800 shares of the company were exchanged, compared to its average volume of 609,065. The stock has a market capitalization of $8,441.78, a P/E ratio of 20.24, a P/E/G ratio of 3.72 and a beta of 0.41. Camden Property Trust has a 1-year low of $77.54 and a 1-year high of $96.39. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.94 and a quick ratio of 1.94.
Camden Property Trust (NYSE:CPT) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $1.11 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.03). The business had revenue of $228.18 million for the quarter, compared to analysts’ expectations of $226.41 million. Camden Property Trust had a return on equity of 4.71% and a net margin of 16.81%. The company’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.13 earnings per share. research analysts anticipate that Camden Property Trust will post 4.53 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 17th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Thursday, December 14th. Camden Property Trust’s dividend payout ratio (DPR) is presently 182.93%.
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Camden Property Trust Profile
Camden Property Trust is a real estate investment trust (REIT). The Company is engaged in the ownership, management, development, redevelopment, acquisition and construction of multifamily apartment communities. As of December 31, 2016, the Company owned interests in, operated, or were developing 159 multifamily properties, which consisted of 55,366 apartment homes across the United States.
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